Since 1851, Glens Falls National Bank has been helping individuals and businesses of the North Country meet their financial goals. We have 30 offices from Clinton to Saratoga counties and offer a broad range of personal and commercial banking, retirement, investment and insurance services.In this position you would be responsible for the commercial loan workout and asset management to reduce problem loans and improve repayment rate. You will work closely with Corporate Banking and management to identify potential problems and propose collection strategies that address Company goals and maintain a quality lending relationship with our borrowers.

RESPONSIBILITIES:

§ Contact commercial problem loan customers, including bankruptcy, loss accounts, and government program accounts according to accepted practices and department guidelines. Record interactions utilizing department software.

§ Utilize resources and work with Corporate Banking team to identify potential problem loan customers prior to change in credit worthiness or repayment ability. Consult with lenders and management on complex or unusual loan relationships throughout the lending process.

§ Work with lenders, lawyers, and customers to develop strategic plan to restore bad loans and manage assets to ensure loan repayment.

§ Coordinate disposition of Company-owned assets in accordance with established Company policies and governmental regulations.

§ Provide periodic reports to management, participate in Company meetings as appropriate, and communicate regularly with management to stay apprised of changes and provide input as needed.

§ Remain current on regulatory guidance and changes impacting collections and commercial lending as well as local and state economic/business trends. Utilize knowledge to develop and present loan workout plans designed to recuperate loan payment and reduce losses.

QUALIFICATIONS:

Education/Certifications/Experience:

§ Bachelor’s Degree in business or finance or equivalent experience required

§ 6+ years of experience in banking, finance, lending or collections required; 2-4 years of commercial lending experience preferred